Valero's Q4 Refining Segment Drives $1.7B Operating Income


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) - Valero on Thursday (1/29) reported that its operating 
income nearly quadrupled to $1.7 billion in the fourth quarter of 2025, driven 
by strong performance in its refining and ethanol segments.

   Valero also reported:

Operational income in the fourth quarter of 2024 was $437 million.Refining 
throughput volumes averaged 3.1 million bpd in the fourth quarter of 2025, up 
from 3 million bpd in the fourth quarter of the prior year.The ethanol segment 
achieved record production volumes of 4.8 million gallons per day, contributing 
to a significant operating income of $117 million for the segment. In the 
fourth quarter of the prior year, ethanol output totaled 4.6 million gallons 
per day with a $20 million contribution to operating income.The renewable 
diesel segment reported $92 million in operating income, with sales volumes 
averaging 3.1 million gallons per day.  This was lower than the $170 million 
contribution to operating income and average volume of 3.4 million gallons per 
day in the comparative quarter of the prior year.


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